NAB term deposits
National Australia Bank, more commonly referred to as NAB, is one of the four largest banks in Australia. It has been operating for almost 160 years, with more than 30,000 people serving 9,000,000 customers at more than 900 locations in Australia, New Zealand and around the world.
NAB provides a range of business and personal financial products, including loans, credit cards, personal loans, term deposits, transaction accounts and insurance.
Customers can contact NAB via:
- Branch
- Customer service centre (phone)
- Mobile app
- Online banking
- Social media
Content updated
Product data updated
Why choose NAB
NAB Term Deposits
Term Deposits calculator
Use our term deposit calculator to see how much you can earn under different investment scenarios.
The result provided is an estimate only. Please read our Calculator Assumptions and Disclaimer for more information.
Final balance at the end of term would be
- The final balance at the end of the savings duration is the sum of the initial deposit and interest earned, based on the entered duration and interest rate.
- Calculations assume that details entered into calculator, including interest rates, do not change for the fixed term deposit period.
- All results are based solely upon the data entered into the calculator.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstance. Read our full disclaimer.
About NAB term deposits
NAB offers term deposits from 30 days up to 5 years. Interest is paid monthly, quarterly, half-yearly or annually.
Its term deposit rates range from low to moderate, with shorter-term deposits earning less than longer-term deposits.
NAB also offers special term deposits for Aussie farmers, with moderate to high interest term deposit rates offered at 6 months, 12 months, 13-23 months and 24 months.
NAB does not charge any monthly service fees. However, early termination or break fees may apply.
NAB term deposits review
As NAB is one of the biggest banks in Australia, it doesn’t necessarily offer the highest rates in the market compared to smaller providers with lower overheads.
However, its rates for longer-term deposits are moderate. Customers who choose NAB will also benefit from strong customer service, including access to over 1,000 branches across the country.
NAB does offer higher rates for its farm management deposits, making it a competitive choice for those in the agricultural sector. It accepts balances of $10,000 to $800,000 for these special term deposits.
Share this page
Did you find this page helpful?
^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.